Common use of Security Interests in Collateral Clause in Contracts

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Borrower shall, and shall cause each other Loan Party to, grant to the Collateral Agent, for its benefit and the benefit of the other Secured Parties, a first-priority security interest in (subject only to Permitted Encumbrances (x) having priority by operation of Applicable Law on all Term Priority Collateral, or (y) in favor of the agent under the ABL Facility on any Revolver Priority Collateral), all of the Collateral pursuant hereto and to the Security Documents, provided that the Collateral shall secure amounts owing with respect to the Other Liabilities only to the extent as agreed to by the Borrower.

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Borrower Borrowers shall, and shall cause each other Loan Party to, grant to the Collateral Agent, for its benefit and the benefit of the other Secured Parties, a first-priority security interest in (subject only to Permitted Encumbrances (x) having priority by operation of Applicable Law on all Term Revolver Priority Collateral, or (y) in favor of the agent under the ABL Facility Term Loan Financing on any Revolver Term Priority Collateral), all of the Collateral pursuant hereto and to the Security Documents, provided that the Collateral shall secure amounts owing with respect to Cash Management Services and the Other Liabilities only to the extent as agreed to by the Lead Borrower.

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Borrower shall, and Borrowers have granted (or shall cause each other Loan Party to, grant grant) to the Collateral Agent, for its benefit and the benefit of the other Secured Parties, a first-priority security interest in (subject only to Permitted Encumbrances (x) having priority by operation of Applicable Law on all Term Revolver Priority Collateral, or (y) in favor of the agent under the ABL Facility Term Loan Financing on any Revolver Term Loan Priority Collateral), all of the Collateral pursuant hereto and to the Security Documents, provided that the Collateral shall secure amounts owing with respect to Cash Management Services and the Other Liabilities of the Borrowers only to the extent as agreed to by provided in the BorrowerSecurity Documents.

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Borrower shall, and Borrowers shall cause each other Loan Party to, grant to the Collateral Agent, for its benefit and the benefit of the other Secured Parties, a first-priority security interest in (subject only to Permitted Encumbrances (x) having priority by operation of Applicable Law on all Term Revolver Priority Collateral, or (y) in favor of the agent under the ABL Facility Term Loan Financing on any Revolver Term Loan Priority Collateral), all of the Collateral pursuant hereto and to the Security Documents, provided that the Collateral shall secure amounts owing with respect to Cash Management Services and the Other Liabilities of the Borrowers only to the extent as agreed to by provided in the BorrowerSecurity Documents.